A "Proposition Bet" refers to a wager placed on a specific outcome or event that is not directly related to the main event or game. These bets are often side bets or additional wagers that can be made alongside the primary bet.
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"Payout" refers to the amount of money a player receives when they win a bet or a game. It is the return on a successful wager, which includes both the original stake and the winnings.
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A "favorite" refers to the team, player, or outcome that is expected to win a particular bet or game. It's the option that bookmakers or betting odds makers believe has the higher probability of success.